Aspects of trader psychology. Axioms of a stock speculator by Max Gunther
I.14. Risk management.
I.14. Risk management.
I.13. The concept of risk in trading. Risk calculation.
The concept of risk in trading. Risk calculation
I.12. Optimal trading model, conflict of interest.
Optimal trading model, conflict of interest
I.11. Who is a market maker. What is the market maker’s interest in?
When working in the market, you should know who a market maker is. It is necessary to understand whether he represents evil or is a useful market participant. The market maker works under an agreement with the exchange and performs a number of special functions, the main of which is to maintain the liquidity of the instrument, besides being a full-fledged market participant, has full information about all applications and can carry out manipulations, earning on it. The responsibility of the market maker is to ensure the execution of customer requests at the expense of its own assets. To do …